Various versions of the wild bootstrap are studied as applied to regression models with heteroskedastic errors. It is shown that some versions can be qualified as 'tamed', in the sense that the statistic bootstrapped is asymptotically independent of the distribution of the wild bootstrap DGP....

We study the link between second-best production efficiency and the constraints on income distribution imposed by private ownership of firms in economies with Ramsey taxation. We review the result of Dasgupta and Stiglitz [1972], Mirrlees [1972], Hahn [1973], and Sadka [1977] about firm-specific...

This paper explores how to optimally set taxes and transfers when taxation authorities: (1) are uninformed about individuals? value of time in both market and non-market activities and (2) can observe both market-income and time allocated to market employment. We show that optimal redistribution...